Edward T. Lee - 15 Nov 2022 Form 4 Insider Report for RH (RH)

Role
Chief Legal and Compliance Officer
Signature
/s/ Edward T. Lee
Issuer symbol
RH
Transactions as of
15 Nov 2022
Net transactions value
-$421,362
Form type
4
Filing time
17 Nov 2022, 20:00:15 UTC
Previous filing
16 Aug 2022
Next filing
09 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RH Common Stock Options Exercise $47,147 +540 +21% $87.31* 3,164 15 Nov 2022 Direct F1
transaction RH Common Stock Sale $162,000 -540 -17% $300.00 2,624 15 Nov 2022 Direct
transaction RH Common Stock Options Exercise $126,562 +1,250 +48% $101.25 3,874 15 Nov 2022 Direct F1
transaction RH Common Stock Sale $375,000 -1,250 -32% $300.00 2,624 15 Nov 2022 Direct
transaction RH Common Stock Options Exercise $61,928 +400 +15% $154.82 3,024 15 Nov 2022 Direct F1
transaction RH Common Stock Sale $120,000 -400 -13% $300.00 2,624 15 Nov 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RH Employee Stock Option (right to buy) Options Exercise $0 -540 -100% $0.000000* 0 15 Nov 2022 Common Stock 540 $87.31 Direct F2
transaction RH Employee Stock Option (right to buy) Options Exercise $0 -1,250 -29% $0.000000 3,000 15 Nov 2022 Common Stock 1,250 $101.25 Direct F3, F4
transaction RH Employee Stock Option (right to buy) Options Exercise $0 -400 -11% $0.000000 3,200 15 Nov 2022 Common Stock 400 $154.82 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F2 Option vested in five equal annual installments beginning on 5/6/2016 and ending on 5/6/2020.
F3 This option award is vested and exercisable with respect to 1250 of the shares and will vest and become exercisable with respect to an additional 1000 shares on April 2, 2023, and an additional 2000 shares on April 2, 2024, subject to continuous service.
F4 In the Form 4 filed for the Reporting Person on April 20, 2022, such Form 4 inadvertently reported in column 9 that 1,250 shares remained subject to this option following exercise as reported in such Form 4. Such Form 4 should have reported in column 9 that 4,250 shares remained subject to this option following exercise. This has been corrected in this Form 4 by reflecting that 3,000 shares remain subject to this option following the Reporting Person's exercise of the employee options for 1,250 shares on November 15, 2022.
F5 This stock option award is vested and exercisable with respect to 400 of the shares and will vest and become exercisable with respect to an additional 400 shares on April 29, 2023, an additional 600 shares on April 29, 2024, an additional 600 shares on April 29, 2025, an additional 800 shares on April 29, 2026, and an additional 800 shares on April 29, 2027, subject to continuous service.

Remarks:

Chief Legal and Compliance Officer